Palo Alto Networks, Inc. $PANW Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 276,761 shares of the network technology company’s stock after acquiring an additional 29,370 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Palo Alto Networks were worth $44,370,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the second quarter valued at approximately $25,000. Steph & Co. increased its stake in Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after buying an additional 67 shares during the period. Knuff & Co LLC acquired a new stake in Palo Alto Networks during the 4th quarter worth approximately $26,000. Sittner & Nelson LLC lifted its holdings in Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after buying an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC boosted its position in Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after buying an additional 102 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Lee Klarich sold 62,904 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the sale, the executive vice president owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. The trade was a 1.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $325.63 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $299.17 and a 200 day moving average price of $216.83. The company has a market cap of $265.39 billion, a P/E ratio of 266.91, a PEG ratio of 12.45 and a beta of 0.91. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $368.80.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on PANW shares. Berenberg Bank upped their price objective on Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Truist Financial lifted their target price on Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Benchmark boosted their target price on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. HSBC upped their price target on Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Finally, DA Davidson increased their price target on Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $331.48.

Palo Alto Networks Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.